Affirmation of Indebtedness. By executing this Amendment, each of the Borrower and the Guarantors affirm the indebtedness owed to the Bank with respect to the Loans and agrees that as of the date of this Amendment, the outstanding principal balance on the Loans is $15,857,034.70.
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Affirmation of Indebtedness. By executing this Amendment, each of the Borrower and the Guarantors affirm Loan Parties affirms the indebtedness owed to the Bank Lenders with respect to the Loans and agrees that as of the date of this Amendment and after giving effect to this Amendment, the cumulative outstanding principal balance on the Revolving Loans is $15,857,034.7075,000,000.00, the cumulative outstanding principal balance of the Letter of Credit Obligations is $0.00, and the cumulative outstanding principal balance on the Term Loan A is $90,000,000.00.
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Sources: Credit Agreement (Avocent Corp)